Market mind: Dollar glimmers in broad market gloom

A look at the day ahead in European and global markets from Tom Westbrook German and Spanish inflation data and European consumer confidence data due today seem unlikely to pierce the gloom that'sA look at the day ahead in European and global markets from Tom Westbrook

Oil's spike to one-year highs has poured fuel on selling in the bond market and further pumped up the dollar, while global stocks have dropped for nine sessions in a row. The greenback stands at a 10-month high against a basket of other majors, and 10-year Treasury yields are hovering at a 16-year peak. [MKTS/GLOB]

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Market mind: Dollar glimmers in broad market gloomGerman and Spanish inflation data and European consumer confidence data due today seem unlikely to pierce the gloom that's enveloped markets in recent days. Oil's spike to one-year highs has poured fuel on selling in the bond market and further pumped up the dollar, while global stocks have dropped for nine sessions in a row. The greenback stands at a 10-month high against a basket of other majors, and 10-year Treasury yields are hovering at a 16-year peak.
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Higher yields weigh on European shares, luxury stocks enter bear market territoryBy Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares fell for a fourth day on Tuesday, with rate-sensitive technology and real estate ...
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Dollar Gains Heap Pressure on Emerging-Market Stocks, CurrenciesEmerging-market stocks fell to the lowest level since March as a strengthening dollar and elevated US yields damped investor appetite for riskier assets.
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